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Started By
Message
How much in federal taxes did you pay last year ??
Posted on 4/18/16 at 8:17 pm
Posted on 4/18/16 at 8:17 pm
Just curious on what the OT has paid the federal govt
46
Posted on 4/18/16 at 8:19 pm to threeputt
A lot.
Posted on 4/18/16 at 8:19 pm to threeputt
Too fricking much
Posted on 4/18/16 at 8:19 pm to threeputt
How much mortgage interest did you pay?
Posted on 4/18/16 at 8:19 pm to threeputt
I think we were around $30k...but they were kind enough to give us a little back.
Posted on 4/18/16 at 8:19 pm to threeputt
25.5% in federal taxes on my reported gross earnings.
A hell of a lot higher % than most millionaires.
Thanks bush.
A hell of a lot higher % than most millionaires.
Thanks bush.
Posted on 4/18/16 at 8:22 pm to PygmalionEffect
That's not your effective tax rate is it? You don't have any deductions?
Posted on 4/18/16 at 8:22 pm to PygmalionEffect
quote:
A hell of a lot higher % than most millionaires.
Most, huh?
Posted on 4/18/16 at 8:22 pm to threeputt
About tree fiddy.
Posted on 4/18/16 at 8:24 pm to threeputt
None. Legally registered myself as an LGBT nonprofit 501C human entity with AIDS.
Posted on 4/18/16 at 8:25 pm to threeputt
I have good help, my effective tax rate last year was under 20%.
Posted on 4/18/16 at 8:25 pm to threeputt
bout tree fiddy
X100
X100
This post was edited on 4/18/16 at 8:26 pm
Posted on 4/18/16 at 8:25 pm to threeputt
I pay quareterly SE- so alot- the only part that bothers me is that 45% pay nothing!
So I pay for my family and some other family that pays no taxes
So I pay for my family and some other family that pays no taxes
Posted on 4/18/16 at 8:27 pm to Gaston
quote:
That's not your effective tax rate is it? You don't have any deductions?
I'm a company man. I got da W-2 blues come tax time.
Every penny I make gets reported to the I.R.S.
And sure, I can deduct my medical expenses, including health insurance premiums for anything over 10 freakin percent of my AGI.
I didn't have life saving experimental surgery in 2015, so no medical deductions.
I did itemize with a house and ended up with about 11k in Sch B deductions.
Posted on 4/18/16 at 8:28 pm to 756
quote:
So I pay for my family and some other family that pays no taxes
My worthless step son quit work in October so he could maximize EITC and take a few months off. He thanks you
Posted on 4/18/16 at 8:29 pm to threeputt
enough
Posted on 4/18/16 at 8:29 pm to 756
quote:
the only part that bothers me is that 45% pay nothing!
The part that bothers me is that 45% of America's make so little money that they do not even qualify to pay taxes. Trickle down is one of the greatest lies ever sold.
Posted on 4/18/16 at 8:31 pm to PygmalionEffect
Both my wife and I are the same, we're contractors but both on government contracts. We can't hide a dime...oh well.
Posted on 4/18/16 at 8:32 pm to 756
quote:
he only part that bothers me is that 45% pay nothing!
Remember. Payroll tax is a federal tax on your income starting at dollar one.
Everybody that works legally is paying federal income tax through payroll deduct. They take it out of the checks and it's the same % for everybody on all your income until you get to around $120K for single (goes up every year).
Payroll taxes pay for the social programs that we like to bitch about around here so at least give the working poor credit for contributing at the same rate as everyone else for that.
They might claw some of it back IF they have a family and can claim a EITC, but not all of it.
This post was edited on 4/18/16 at 8:33 pm
Posted on 4/18/16 at 8:34 pm to threeputt
Bout twice Sunhog's total income.
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